SHANDONG HEAVY INDUSTRY GROUP LIMITED

Shandong Heavy Industry Group (SHIG) is a leading automobile and equipment manufacturing group in China with global influence. Its headquarters is located in Jinan, Shandong and it has over 80,000 employees worldwide. SHIG’s main business covers automobile, engineering machinery, powertrain systems, intelligent logistics, luxury yacht and financial services. The company owns several listed companies, including Weichai Power (H+A), Weichai Heavy Machinery, Shantui Construction Machinery, Zhongtong Coach, Asiastar Coach, Germany KION Group and America PSI. In 2024, the Group achieved a total revenue of RMB 550 billion, a year-on-year increase of 9%, and a total profit of RMB 28.1 billion, up 29% year-on-year, with operational efficiency and profitability leading the industry, ranking first among provincial enterprises.